Talkspace Inc (TALK) 20 Days SMA touches 18.08%: The odds favor the bear

On Tuesday, Talkspace Inc (NASDAQ: TALK) opened higher 1.78% from the last session, before settling in for the closing price of $2.81. Price fluctuations for TALK have ranged from $1.41 to $3.92 over the past 52 weeks.

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Healthcare Sector giant saw their annual sales surged by 44.86% over the last five years. Company’s average yearly earnings per share was noted 95.83% at the time writing. With a float of $127.92 million, this company’s outstanding shares have now reached $168.43 million.

The firm has a total of 472 workers. Let’s measure their productivity. In terms of profitability, gross margin is 47.82%, operating margin of -7.49%, and the pretax margin is -4.29%.

Talkspace Inc (TALK) Insider Activity

A key investor’s attitude towards the stock of the Health Information Services industry is another important factor to consider. The insider ownership of Talkspace Inc is 23.96%, while institutional ownership is 43.11%. The most recent insider transaction that took place on Sep 18 ’24, was worth 56,925. In this transaction Chief Financial Officer of this company bought 27,500 shares at a rate of $2.07, taking the stock ownership to the 374,557 shares. Before that another transaction happened on Sep 19 ’24, when Company’s Chief Financial Officer bought 23,100 for $2.11, making the entire transaction worth $48,741. This insider now owns 397,657 shares in total.

Talkspace Inc (TALK) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.03 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.03) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.01 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 95.83% per share during the next fiscal year.

Talkspace Inc (NASDAQ: TALK) Trading Performance Indicators

Check out the current performance indicators for Talkspace Inc (TALK). In the past quarter, the stock posted a quick ratio of 7.24. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.79.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.05, a number that is poised to hit 0.00 in the next quarter and is forecasted to reach 0.06 in one year’s time.

Technical Analysis of Talkspace Inc (TALK)

Analysing the last 5-days average volume posted by the [Talkspace Inc, TALK], we can find that recorded value of 2.27 million was better than the volume posted last year of 1.54 million. As of the previous 9 days, the stock’s Stochastic %D was 85.88%. Additionally, its Average True Range was 0.15.

During the past 100 days, Talkspace Inc’s (TALK) raw stochastic average was set at 93.33%, which indicates a significant increase from 87.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.86% in the past 14 days, which was lower than the 62.02% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.09, while its 200-day Moving Average is $2.51. Now, the first resistance to watch is $2.95. This is followed by the second major resistance level at $3.05. The third major resistance level sits at $3.14. If the price goes on to break the first support level at $2.76, it is likely to go to the next support level at $2.67. Should the price break the second support level, the third support level stands at $2.57.

Talkspace Inc (NASDAQ: TALK) Key Stats

There are currently 169,685K shares outstanding in the company with a market cap of 481.08 million. Presently, the company’s annual sales total 150,050 K according to its annual income of -19,180 K. Last quarter, the company’s sales amounted to 46,060 K and its income totaled -470 K.